Foreclosures Continue to Decrease, Delinquencies Flat. The percentage of loans in the foreclosure process at the end of the first quarter was 1.74 percent, down three basis points from the previous quarter and 48 basis points lower than one year ago. This was the lowest foreclosure inventory rate seen since the third quarter of 2007.
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According to the latest National Association of Home Builders (nahb)/wells fargo housing Opportunity Index (HOI), lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in Q1 of 2019. The report says that 61.4% of new and existing homes sold between the first of January to end ofRead More
Foreclosure inventory dropped more than 23% year over year in March, hitting its lowest rate in years according to new data from CoreLogic.
The national foreclosure inventory included approximately 355,000 homes in July, or 0.9 percent of all residential properties, which is the lowest level for any month since August 2007. One year earlier, the foreclosure inventory stood at 501,000 homes, or 1.3 percent of all residential properties.
MBA: Foreclosure Inventory Rate at 12-Year Low. Nonetheless, the mortgage delinquency levels were down from the previous quarter across all loan types, and the percentage of loans in the foreclosure process at the end of the first quarter fell to 1.16 percent, down three basis points from the fourth quarter and 23 basis points lower than a year ago.
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Mortgage delinquencies hold steady from previous month. Foreclosure inventory fell in August to its lowest point in more than a decade, according to the latest loan performance insights Report from CoreLogic. Nationally, 4.6% of mortgages remained in some stage of delinquency, 30 days or more past due including those in foreclosure.
From April through October 2011, the S&P 500 fell 21.6% intra-day. new lows on a consistent basis. The foreclosure stats are the most impressive. New foreclosures as a share of all loans are the.
The retreat of large single-family home investors, a dearth of first-time homebuyers and shifting lending rules could down-throttle a housing recovery in markets hit hard by the foreclosure. demand.
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“Inventory. or in the foreclosure process fell to 6.78 percent of mortgages in the third quarter, the lowest level since 2008, from 7.03 percent in the previous three months, the Mortgage Bankers.